Yoma's net profit up 71.7% to $3.9m

Props to its robust automotive and heavy equipment business.

Mainboard-listed Yoma Strategic Holdings reflected a significant growth in its net profit for the past quarter, up 71.7% to $3.9m compared to last year.

The group said it saw better operational performance across all of its businesses as revenue grew 46.8% YoY to $25.8m from $17.6m.

Its consumer business reported a healthy revenue, up 42.1% to $3.1m due to the expansion of its KFC business. Meanwhile, revenue from its automotive and heavy equipment business grew 61.3% to $11.9m as demand for its s New Holland tractors remained strong.

For the group's real estate business, the revenue generated from the sale of residences and land development rights doubled tp $6.2m, due to the share of profits from the sales of residences in Galaxy Towers and the additional share of profits in StarCity Zone B following its completion.

The increase in revenue came with the uptick in expenses. The group's administrative expenses rose slightly by 4.2% to $13.1m in 1Q18 mainly due to the increase in staff costs, rental and lease expenses and depreciation in relation to the growing number of KFC stores and New Holland branches.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia